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Global Trauma Fixation Device Market, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

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    Report

  • 110 Pages
  • March 2022
  • Region: Global
  • Renub Research
  • ID: 5562685
The Global Trauma Fixation Devices Market will reach US$ 10.42 Billion by 2027. Trauma refers to physical injuries such as burns, dislocations, fractures, sprains, and strains produced by an external source (fire or accident). Furthermore, trauma is defined by the Centers for Disease Control and Prevention (CDC) as "a damage or wound to a live body produced by the application of external force or violence." Furthermore, various techniques are available to treat trauma, and their use by surgeons is determined by the degree of the injury. Surprisingly, one of the essential treatment approaches for the aforementioned medical disorders is trauma fixation devices.

Global Trauma Fixation Devices Industry is expected to expand at a CAGR of 5.7% during 2021-2027:


Globally, companies are developing technologically improved goods to meet the increased need for trauma fixation devices while gaining market share. Drug-eluting implants, bioresorbable implants, and nano-coated devices, among other technologically advanced goods, have significantly boosted the use of trauma fixation devices in surgery centers and hospitals. Trauma fixation devices have experienced revolutionary technological and user-friendliness modifications, resulting in increased market growth.

Throughout The Forecast Period, Internal Fixators Are Expected to Dominate:


Internal trauma fixation devices will account for more than half of the market by 2027, owing to a strong patient preference for internal fixators due to improved procedural outcomes. Internal fixators also enable faster recovery and shorter hospital stays, influencing market demand. Internal fixators also lower the chances of damaged bones not healing correctly, increasing the industry's value. Various players are concentrating their efforts on developing biocompatible devices, resulting in market revenue.

The Impact of COVID-19 on the Global Trauma Fixation Devices Market:


The COVID-19 pandemic has substantially impacted world economies, with all industries experiencing considerable declines in 2020. The healthcare industry was severely damaged since the pandemic put enormous strain on healthcare institutions to contain infection transmission. Many treatments and surgical procedures were documented to be suspended or postponed indefinitely during the pandemic due to the non-essential essence of trauma fixation operations. As a result, during the earlier months of the pandemic, demand for trauma fixation devices was low, stifling the industry's growth. According to the publisher, the Global Trauma Fixation Devices Market Size was worth US$ 7.49 Billion in 2021.

The Trauma Fixation Devices Market in Hospitals Will Benefit from Quick and Cost-Effective Results:


Hospitals for trauma fixation treatments are expected to grow until 2027, owing to an increase in the frequency of sports-related injuries and vehicle accidents. Furthermore, an increase in multispecialty hospitals to provide proper trauma care, primarily in emerging nations such as India, will boost industry revenue. Likewise, the low-cost treatments given by various government institutions in low-income countries will serve as a significant market expansion catalyst.

The Existence of Key Players in the North American Market to Stimulate Market Growth:


Over the years, the market for trauma fixation devices in North America has remained significant. The presence of key market leaders such as Stryker Corporation will substantially impact the industry in North America. Furthermore, the increased prevalence of orthopedic illnesses such as osteoporosis and rheumatoid arthritis will propel trauma fixation devices. Moreover, as arthritis is the most common cause of disability in the population, the need for trauma fixation devices in North America is rising.

Market Players' Growth Strategies Are Centred On Expanding Their Customer Base:


Zimmer Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences are a few notable firms in the market. To obtain a significant revenue share, these market actors used various mergers and acquisitions, collaborations, and new product launches.

The publisher's latest report Trauma Fixation Device Market, Global Forecast By Products (External Fixators, Internal Fixators, Others), End User (Hospitals, Special Clinics, Ambulatory Surgery Centers, Others), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa), Companies (Zimmer Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences) provides a detailed analysis of Trauma Fixation Device Industry.

Products - Market have been covered from 3 viewpoints:


1. External Fixators
2. Internal Fixators
3. Others

End User - Market have been covered from 4 viewpoints:


1. Hospitals
2. Special Clinics
3. Ambulatory Surgery Centers
4. Others

Region - Market have been covered from 5 viewpoints:


1. North America
2. Europe
3. Asia Pacific
4. South America
5. Middle East and Africa

Company Insights:


  • Overview
  • Recent Developments
  • Revenue

Company Analysis:


1. Zimmer Biomet
2. Orthofix Medical Inc
3. B. Braun Meslungen AG
4. Stryker
5. Medtronic
6. Smith & Nephew
7. Integra LifeSciences
Frequently Asked Questions about the Global Trauma Fixation Devices Market

What is the estimated value of the Global Trauma Fixation Devices Market?

The Global Trauma Fixation Devices Market was estimated to be valued at $7.5 Billion in 2021.

What is the growth rate of the Global Trauma Fixation Devices Market?

The growth rate of the Global Trauma Fixation Devices Market is 5.7%, with an estimated value of $10.4 Billion by 2027.

What is the forecasted size of the Global Trauma Fixation Devices Market?

The Global Trauma Fixation Devices Market is estimated to be worth $10.4 Billion by 2027.

Who are the key companies in the Global Trauma Fixation Devices Market?

Key companies in the Global Trauma Fixation Devices Market include Zimmer Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic and Integra LifeSciences.

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Trauma Fixation Device Market
6. Market Share - Global Trauma Fixation Device Analysis
6.1 By Products
6.2 By End User
6.3 By Regions
7. Products - Global Trauma Fixation Device Market
7.1 External Fixators
7.2 Internal Fixators
7.3 Others
8. End User - Global Trauma Fixation Device Market
8.1 Hospitals
8.2 Special Clinics
8.3 Ambulatory Surgery Centers
8.4 Others
9. Region - Global Trauma Fixation Device Market
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 South America
9.5 Middle East and Africa
10. Porters Five Forces
10.1 Overview
10.2 Bargaining Power of Buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes
11. Company Analysis
11.1 Zimmer Biomet
11.1.1 Overview
11.1.2 Recent Developments
11.1.3 Revenue
11.2 Orthofix Medical Inc
11.2.1 Overview
11.2.2 Recent Developments
11.2.3 Revenue
11.3 B. Braun Meslungen AG
11.3.1 Overview
11.3.2 Recent Developments
11.3.3 Revenue
11.4 Stryker
11.4.1 Overview
11.4.2 Recent Developments
11.4.3 Revenue
11.5 Medtronic
11.5.1 Overview
11.5.2 Recent Developments
11.5.3 Revenue
11.6 Smith & Nephew
11.6.1 Overview
11.6.2 Recent Developments
11.6.3 Revenue
11.7 Integra LifeSciences
11.7.1 Overview
11.7.2 Recent Developments
11.7.3 Revenue
List Of Figures:
Figure 01: Global - Trauma Fixation Device Market (Million US$), 2017 - 2021
Figure 02: Global - Forecast for Trauma Fixation Device Market (Million US$), 2022 - 2027
Figure 03: Products - External Fixators Market (Million US$), 2017 - 2021
Figure 04: Products - Forecast for External Fixators Market (Million US$), 2022 - 2027
Figure 05: Products - Internal Fixators Market (Million US$), 2017 - 2021
Figure 06: Products - Forecast for Internal Fixators Market (Million US$), 2022 - 2027
Figure 07: Products - Others Market (Million US$), 2017 - 2021
Figure 08: Products - Forecast for Others Market (Million US$), 2022 - 2027
Figure 09: End User - Hospitals Market (Million US$), 2017 - 2021
Figure 10: End User - Forecast for Hospitals Market (Million US$), 2022 - 2027
Figure 11: End User - Special Clinics Market (Million US$), 2017 - 2021
Figure 12: End User - Forecast for Special Clinics Market (Million US$), 2022 - 2027
Figure 13: End User - Ambulatory Surgery Centers Market (Million US$), 2017 - 2021
Figure 14: End User - Forecast for Ambulatory Surgery Centers Market (Million US$), 2022 - 2027
Figure 15: End User - Others Market (Million US$), 2017 - 2021
Figure 16: End User - Forecast for Others Market (Million US$), 2022 - 2027
Figure 17: North America - Cardiac Arrthymia Monitoring Devcice Market (Million US$), 2017 - 2021
Figure 18: North America - Forecast for Cardiac Arrthymia Monitoring Devcice Market (Million US$), 2022 - 2027
Figure 19: Europe - Cardiac Arrthymia Monitoring Devcice Market (Million US$), 2017 - 2021
Figure 20: Europe - Forecast for Cardiac Arrthymia Monitoring Devcice Market (Million US$), 2022 - 2027
Figure 21: Asia Pacific - Cardiac Arrthymia Monitoring Devcice Market (Million US$), 2017 - 2021
Figure 22: Asia Pacific - Forecast for Cardiac Arrthymia Monitoring Devcice Market (Million US$), 2022 - 2027
Figure 23: South America - Hospitals Market (Million US$), 2017 - 2021
Figure 24: South America - Forecast for Hospitals Market (Million US$), 2022 - 2027
Figure 25: Middle East and Africa - Clinics Market (Million US$), 2017 - 2021
Figure 26: Middle East and Africa - Forecast for Clinics Market (Million US$), 2022 - 2027
Figure 27: Zimmer Biomet - Global Revenue (Million US$), 2017 - 2021
Figure 28: Zimmer Biomet - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 29: Orthofix Medical Inc - Global Revenue (Million US$), 2017 - 2021
Figure 30: Orthofix Medical Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 31: B. Braun Meslungen AG - Global Revenue (Million US$), 2017 - 2021
Figure 32: B. Braun Meslungen AG - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 33: Stryker - Global Revenue (Million US$), 2017 - 2021
Figure 34: Stryker - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 35: Medtronic - Global Revenue (Million US$), 2017 - 2021
Figure 36: Medtronic - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 37: Smith & Nephew - Global Revenue (Million US$), 2017 - 2021
Figure 38: Smith & Nephew - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 39: Integra LifeSciences - Global Revenue (Million US$), 2017 - 2021
Figure 40: Integra LifeSciences - Forecast for Global Revenue (Million US$), 2022 - 2027
List Of Tables:
Table 01: Global - Trauma Fixation Device Market Share by Products (Percent), 2017 - 2021
Table 02: Global - Forecast for Trauma Fixation Device Market Share by Products (Percent), 2022 - 2027
Table 03: Global - Trauma Fixation Device Market Share by End User (Percent), 2017 - 2021
Table 04: Global - Forecast for Trauma Fixation Device Market Share by End User (Percent), 2022 - 2027
Table 05: Global - Trauma Fixation Device Market Share by Region (Percent), 2017 - 2021
Table 06: Global - Forecast for Trauma Fixation Device Market Share by Region (Percent), 2022 - 2027

Companies Mentioned

  • Zimmer Biomet
  • Orthofix Medical Inc
  • B. Braun Meslungen AG
  • Stryker
  • Medtronic
  • Smith & Nephew
  • Integra LifeSciences

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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